Cancellation of Share Premium

Investors Capital Trust PLC
21 June 2007

To: RNS

From : Investors Capital Trust plc

Subject: Cancellation of Share Premium Account

Date: 21 June 2007

In accordance with the intention stated in the Prospectus issued by the Company
dated 18 January 2007, the Directors are pleased to confirm that the Court of
Session has approved the cancellation of the Company's share premium account and
the creation of two distinct reserves, a Buy Back Reserve to be available to be
used to buy back own shares and a Special Capital Reserve for the purpose of
paying capital returns on the B shares.


For further information contact:

Michael Campbell
For F&C Investment Business Limited, Secretary                Tel: [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange